AboveNet To Split Two-For-One
August 4, 2009 (FinancialWire) — AboveNet, Inc.’s (NYSE: ABVT) board has authorized a two-for-one stock split to be effected in the form of a 100% stock dividend.
The split will entitle stockholders of record at the close of business on August 20 to receive one additional share of AboveNet common stock for each share held on that date.
AboveNet’s board also approved the extension of the company’s stockholder rights plan, which was set to expire on August 7.
White Plains, New York-based AboveNet provides high-bandwidth connectivity solutions for business and carriers. The company’s private optical network offers network and IP services in and among 15 U.S. metro markets and London. The company’s network is used in markets such as financial services, media, health care, retail and government.
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